Planview has completed the acquisition of Changepoint and Clarizen. The deal was first announced about six weeks ago and created a major force in the professional services technology sector. The combined solutions include task management, Agile project management, Portfolio and project management, and PSA solutions. The combined group now has more than 1,000 employees, 4,500 customers, over 1.3 million users. There are also offices in Australia, Canada, France, Germany, India, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, South Africa, Sweden, the UK, and the US.
Greg Gilmore, CEO of Planview, commented: “For more than three decades, Planview has been pioneering the technologies and best practices that the world’s best companies use to reimagine the ways they plan and manage work. Together, Planview, Clarizen, and Changepoint offer a portfolio for the modern enterprise, providing organizations the visibility and agility needed to drive more innovation, execute on their strategic objectives, and capitalize on compelling opportunities. We are thrilled to welcome Clarizen and Changepoint into the extended Planview family.”
It is still early days for the expanded Planview, and as Changepoint and Clarizen will continue to run as independent business units, little seems to have changed. The press release talks about bringing together customers in an expanded community. There appears, as yet, no solid plans for enacting that. Will the news blackout approach from all three companies over the last six weeks change? A Changepoint spokesperson revealed that it is now “business as usual” for the time being as the companies draw a breath from the whirlwind acquisition.
Was this the perfect timing for Planview?
Planview closed out 2020 strongly. It signed its largest ever customer deal and had the best quarter and full year on record. Following its acquisition by TPG and TA Associates from Thoma Bravo, the company has wasted no time expanding in a strong market. Planview has bought two strong brands. Both of whom were poised for growth with relatively new CEO’s at different stages of reconstruction. Analysts and customers (according to Planview) are positive about the acquisitions.
Melinda Ballou, Research Director, Agile ALM, Quality & Portfolio Strategies at IDC commented: “This acceleration of PPM and work management acquisitions indicates the vital need for companies to adapt and manage the way they work in the face of fast changes to the global economy and competitive landscapes. The need to respond adaptively and collaboratively to unexpected change will endure. This dual acquisition on the part of Planview is a bold move to scale the company in several related and growing market areas, and with effective integration and alignment, we would expect more strategic positioning for Planview moving forward.”
Enterprise Times: What does this mean?
While there is little doubt that this creates a major force in the PPM market, how they fit together without overlaps? How long will the separate brands continue? What synergies will Planview look to achieve, either across general administration or even marketing?
The solutions that the greater Planview now has should enable it to continue its expansion. However, this is a competitive market with a large number of both existing players and some startups looking to grow. Another question is whether Planview has completed its acquisition hunt? Could it add yet another distinguished brand to its portfolio to further extend its reach in the market? Separate business units make it easier to continue acquiring without going through the pain of a complete merger.
There are many unanswered questions about these two acquisitions, over the coming weeks, the answers should emerge. As organizations continue to change the way they work and distributed workforces continue, PPM has never been more important. Can Planview become a clear market leader in this space?